INSURANCE NEWS
Happy Holidays: 18,000 Delawareans Have Their Medical Debt Eliminated
Delaware Governor Matt Meyer reported results of Delaware’s medical debt elimination initiative, with nearly $19 million in medical debt abolished for more than 18,000 citizens thus far. The effort is supported by a $500,000 item in the 2026 fiscal year …
Private Credit Ratings Face Fresh Scrutiny From Global Watchdogs
The private credit industry is facing fresh scrutiny from top global regulators over some of the ratings being assigned to debt in the $1.7 trillion market, people familiar with the matter told Bloomberg News. The Financial Stability Board, which monitors …
Swiss Court Admits Indonesian Islanders’ Climate Case Against Cement-Maker Holcim
A court in Switzerland said on Monday it would admit a legal complaint against Swiss cement maker Holcim, which alleges the company is doing too little to cut carbon emissions and hence contributing to global warming. Four residents of the …
UK Suspects Chinese Involvement in Foreign Office Cyberattack
The UK Foreign Office was hacked in October in an attack that British officials suspect was carried out by Chinese state-backed actors. The breach was first reported by the Sun newspaper, which said that a Beijing-linked group had accessed thousands …
Denmark Blames Russia for Cyberattacks on Utility That Left Houses Without Water
Russia carried out cyberattacks against infrastructure and websites in Denmark in 2024 and 2025, Danish authorities say in a new assessment published this week describing new cases not previously reported. Moscow was responsible for “destructive and disruptive” cyberattacks on a …
Hong Kong Plans New Crypto, Infrastructure Rules for Insurers
The Hong Kong Insurance Authority is proposing a slate of new rules to channel insurance capital into assets including cryptocurrencies and infrastructure — an unprecedented move that would redirect funds to government‑prioritized sectors. The insurance regulator would impose a 100% …
Minnesota Jury Awards $65M Cancer Case Against Johnson & Johnson
A Minnesota jury awarded $65.5 million last week to a mother of three who claimed talcum products made by Johnson & Johnson exposed her to asbestos and contributed to her developing cancer in the lining of her lungs. Jurors determined …
South Dakota Hotel Owner Found Liable for Discriminating Against Native Americans
The owner of a South Dakota hotel who said Native Americans were banned from the establishment was found liable for discrimination against Native Americans last week. A federal jury decided the owner of the Grand Gateway Hotel in Rapid City …
Wells Fargo Sued by Ex-Manager Who Said Bank Faked Diversity
Wells Fargo & Co. was sued by a former manager who says he was fired for pushing the bank to create a more diverse workforce and objecting to its practice of interviewing minority applicants for jobs that were already filled. …
Viewpoint: Artificial Intelligence Is Rewriting the Rules for Commercial Lines
Commercial lines insurance is changing—not with loud announcements or flashy tech demos, but through quiet, meaningful shifts in how work gets done. Much of this progress is driven by teams applying AI tools to everyday tasks. Underwriters are spending less …
Three Top P/C Insurers Account for Most of Insurance AI Patents
Three property/casualty insurers have dominated the industry’s artificial intelligence patent activity since 2014. State Farm, USAA and Allstate account for 77% of all AI patents by insurers in that time, according to tracking data from Evident, an AI benchmarking and …
Injured Pedestrian Strikes Out on PIP Benefit Because Car She Dodged Never Struck Her
Is a pedestrian entitled to personal injury protection (PIP) benefits in Massachusetts after being injured while trying to get out of the way of an oncoming motor vehicle even though she was not hit by the vehicle? The answer is …